Price elasticity of demand provides
A.A measure of the responsiveness of the quantity demanded to changes in the price of the
product, holding constant
the values of all other variables in the demand function.
B.A technical change in the goodwill of the firm
C.A technical change in the cost of product
D.Technical change in the value.
A.A measure of the responsiveness of the quantity demanded to changes in the price of the
product, holding constant
the values of all other variables in the demand function.
B.A technical change in the goodwill of the firm
C.A technical change in the cost of product
D.Technical change in the value.